VIETNAM: Textile, garment and footwear exports soar
By Ngo Tuan | 19 October 2012
Vietnam's textile and garment exports have risen 7.4% to $11.14bn in the first nine months of this year, remaining the country's largest foreign currency earner according to Vietnam General Customs.
In September, turnover reached $1.33bn but was 12.3% lower than the previous month.
The US remains the biggest export market, rising 8% during the January to September period to $5.6bn. Shipments to the EU, the second largest market, fell 5.6% to $1.81bn.
In Asia, Japan and Korea are the two biggest markets valued at $1.45bn and $748m respectively, a rise of 18.7% and 18.5% in comparison with the same period in 2011.
According to Mr Le Tien Truong, deputy general director of the Vietnam National Textile and Apparel Group (Vinatex), this growth is remarkable given that the global economy is still in turmoil.
Looking ahead to the fourth quarter, exports of the textile and garment industry are set to rise further, with some manufacturers already having orders for exports until the end of the first quarter of next year, added Truong.
Vietnam's footwear exports also soared 12.5% in the nine-month period to $5.22bn, including $1.87bn shipped to the EU (up by 2.1%), $1.65bn to the US (up 19.2%); $245m to Japan (up 33.5%) and $219m to China (up 28.1%).
Sectors: Apparel, Fibres & fabrics, Footwear, Manufacturing, Sourcing
Companies: Vinatex
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